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| This Act is current to August 26, 2025 |
[Prepared for convenience by the Office of Legislative Counsel. Note: This Act has not been revised as part of the Revised Statutes 1996. References in this Act to other Acts may be references to earlier Revised Statutes or to Acts not consolidated in a general revision of statutes, depending on when the provision of this Act containing the reference was enacted or amended.]
Assented to June 18, 1975
| Contents | ||
|---|---|---|
| 1 | Interpretation | |
| 2 | Cancellation of Provincial registration | |
| 3 | Cancellation not to affect Provincial claims | |
| 4 | National to maintain registered office | |
| 5 | Companies Act | |
WHEREAS National Cablevision Limited is a body corporate duly incorporated under the laws of the Province of British Columbia, with its registered office in the City of Vancouver, in the Province:
AND WHEREAS National Cablevision Limited no longer carries on business within the Province and in fact carries on all its business entirely within the Province of Quebec:
AND WHEREAS National Cablevision Limited cannot comply with the laws of the Province of Quebec unless National Cablevision Limited's head office is within that province:
AND WHEREAS it is considered desirable that National Cablevision Limited be allowed to continue its present corporate identity:
NOW, THEREFORE, HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:
1 In this Act, unless the context otherwise requires,
"instrument of continuation" means an enactment, or an instrument or other document made or issued under the laws of the Province of Quebec, one of the effects of which is to continue National as a corporation under the laws of the Province of Quebec, under the name "Cablevision Nationale Ltée" and in its English version "National Cablevision Ltd.";
"National" means National Cablevision Limited;
"registrar" means the Registrar of Companies under the Companies Act.
1975-50-1.
2 (1) Where an instrument of continuation is made or issued in the Province of Quebec, the members of National may, by special resolution, authorize an application to the registrar for cancellation of National's certificate of incorporation.
(2) Subject to section 3, the registrar shall,
(a) upon proof of the special resolution referred to in subsection (1), and
(b) upon production of an instrument of continuation that is satisfactory to him, or a certified copy thereof,
forthwith cancel National's certificate of incorporation in the Province and publish a notice of the cancellation in the Gazette.
1975-50-2.
3 Notwithstanding section 2 and the cancellation of National's certificate of incorporation,
(a) all rights of creditors, lien-holders, or other claimants against the property, rights, assets, privileges, and franchises of National, and
(b) all debts, contracts, liabilities, and duties of National
in the Province as they exist on the date of cancellation of the certificate of incorporation are unimpaired and continue to attach to, and, subject to the Limitation Act, are enforceable against National in the Province, and
(c) National shall be deemed not to be wound up or otherwise dissolved in the Province.
1975-50-3.
4 (1) It is a condition of the cancellation of registration of National under section 2 that National shall, within 30 days after the date of cancellation of registration, register as an extra-provincial company in the Province; otherwise the cancellation of registration under section 2 is void and of no effect, and National shall be restored to the register as a Provincial company.
(2) National shall continue to register as an extra-provincial company for 6 consecutive years after the date of first registration as an extra-provincial company.
(3) The registrar shall register National as an extra-provincial company notwithstanding that it is not carrying on business in the Province.
1975-50-4.
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